Employment Effects

Announcement Date:
30-04-2019

Planned Job Reductions min: 100

Planned Job Reductions max:723

Type of Restructuring:Internal restructuring

Employment Effect Start:
01-09-2019

Additional Information

The management of Auchan Retail France has announced to the different employee representative bodies the sale of 21 stores in France, which could lead to 723 job cuts. Management points out that the group's situation is 'very worrying'. Turnover fell by 1.3% in 2018 to €17 billion and the gross operating income fell by 44%.

In total, 723 employees are affected by these disposals, representing just under 1% of Auchan France Retail's 73,800 employees. The management is 'actively looking for buyers' for these sites and hopes that some sites will be taken over by the summer. Failing this, management will launch a redundancies plan to eliminate positions at sites that have not found a buyer.